Kincaid, IL is a small town located in Christian County with an estimated population of 625. The cost of renting a 2 bedroom in Kincaid is $730 compared to the US average of $1430. This makes Kincaid an affordable option for renters looking for a new home. Grocery Cost Index in Kincaid is also 91 versus 100 in the US making it an ideal location for those looking to save on their grocery shopping.
Kincaid’s economy consists mainly of small local businesses such as Flesor’s Candy Kitchen which specializes in handmade fudge and other homemade treats. Other local businesses include Kincaid State Bank and Andy's Lumber & Building Supply Co., Inc., both offering services to the community since 1974. There are also employment opportunities in agriculture related industries due to its rural setting.
Kincaid (zip 62540) has an unemployment rate of 6.3%. The US average is 6.0%.
Kincaid (zip 62540) has seen the job market decrease by -9.8% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Kincaid (zip 62540)
- The Sales Tax Rate for Kincaid (zip 62540) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Kincaid (zip 62540) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Kincaid (zip 62540)
- The average income of a Kincaid (zip 62540) resident is $36,218 a year. The US average is $37,638 a year.
- The Median household income of a Kincaid (zip 62540) resident is $62,411 a year. The US average is $69,021 a year.